Dan Gilbert Purchases Internet-Based Mortgage Lender Quicken Loans From Intuit August 1, 2002 Dan Gilbert, chairman and founder of Quicken Loans® and Rock Financial, today announced that he and a small group of local investors have completed the purchase of the Quicken Loans/Rock Financial mortgage subsidiary from Intuit Inc. Gilbert founded Rock Financial in 1985. Rock Financial grew into one of the largest independent mortgage banks in the country and in May 1998, Gilbert took the company public. The company launched Rockloans.com in January 1999, and quickly became one of the fastest-growing direct mortgage lenders on the Internet. In December 1999, Intuit purchased Rock Financial, renaming the company Quicken Loans Inc. Read More→
Intuit Signs Agreement To Sell Its Quicken Loans Business June 20, 2002 Intuit Inc. (NASDAQ: INTU) today announced it has signed a definitive agreement to sell its Quicken Loans mortgage business. When the transaction closes, Quicken Loans will become a wholly owned subsidiary of a newly created company and will continue to offer residential home mortgages and home equity loans under the Quicken Loans brand. The new company’s investors will be led by Dan Gilbert, chairman of Quicken Loans and founder of Rock Financial Corp. (the predecessor of Quicken Loans), which Intuit acquired in December 1999. Intuit will hold a 12.5 percent equity interest in the new company. Read More→
Forbes Magazine Selects Quickenloans.Com As Its “Forbes Favorite” Mortgage Web Site June 11, 2002 Forbes Magazine has selected QuickenLoans.com as its favorite online mortgage site in its Forbes Summer 2002 Best of the Web review. This is the second consecutive year Quicken Loans has achieved this recognition. Read More→
Microsoft Inks Marketing Agreements With Netbank And Quicken Loans May 13, 2002 Microsoft Corp. today announced that NetBank Inc. (Nasdaq “NTBK”) and Quicken Loans Inc. have signed agreements to advertise on and offer links to their services from CNBC on MSN? Money, available at http://money.msn.com/. The agreements enable the two financial providers to extend awareness of their products to the more than 20 million monthly visitors at CNBC on MSN Money. Read More→
Quicken Loans Becomes Online Mortgage Provider For Yahoo! Real Estate February 13, 2002 Quicken Loans Inc., a leading online mortgage lender, today announced an agreement with Yahoo! Inc. (NASDAQ: YHOO) to offer online mortgage services and content on Yahoo! Real Estate (http://realestate.yahoo.com). These features already have been launched on the Yahoo! Real Estate site. Read More→
Quicken Loans To Implement E-Signature Technology In Mortgage Application Process January 21, 2002 Silanis and Quicken Loans today announced the first fully electronic mortgage application process for the Web. As of Summer 2002, Silanis’ ApproveIt? Web Server will be used to provide consumers with the ability to electronically review and e-sign loan application documents on the QuickenLoans.com site immediately after being pre-approved. Read More→